Income Tax Act, 1961 came into force on 1st April, 1962PERSON [Section 2(31)] Person includes:1. An individual;2. A Hindu Undivided Family (HUF);3. A Company;4. A Firm;5. An Association of Persons (AOP) or a Body of Individuals (BOI),6. A local autho
Service Tax Law: (a) Finance Act, 1994: Chapter V & VA of the Finance Act, 1994.(b) Rules on service tax: Rules are made for carrying out the provisions of the Act. The rules can never override the Act. E.g. Services Tax Rules 1994, Service Tax (
Basic Concepts of Service Tax Amendments by Finance Act, 2015: 1. (i) Service tax rate enhanced from 12% to 14% and(ii) Levy of education cesses on taxable services ceased to have effect [Section 66B]Thus, the new service tax rate has come into effec
Basic Rates of Taxes remain the same. Surcharge The rates of surcharge applicable for A.Y.2016-17 are as follows -(i) Individual / HUF/ AOP/ BOI/ Artificial juridical person/ Co-operative societies/Local Authorities/Firms/LLPs: Where the total income
How to prepare for my CA Examination ?There must be abundant material on �examination tips� available on the internet including the one�s in CCI Forum. Every time we look for some inspiring articles or personalities around us, it h
Recently the ipcc results were out.This article sets out one straight message for those who could not clear: Do not give up.The Earlier you make up your mind the better.Deal with failure as if it never happened. In the beginning it hits. Doing the sa
The result day is now over. It was a thrilling day not only for the examinees but also for all of their stakeholders- parents, relatives, neighbours, friends not pursuing professional courses and office peers. Sabko iss din to aapki yaad aati hi hai!
If you think, you can, than you can, otherwise you cannot!!!Common answers from the mouth of CA students on result day are Fail, Negative, Sorry, Cannot do it, Can�t make up etc. What happened actually? Lot of negativity al
Only 3 months are left for CA exams. This schedule is made keeping in mind the syllabus of CA Finals.Important points common to all subjects � Do the RTP of current attempt + previous attempt. Do the suggested answers of current attempt + previ
Everyone including me believes ISCA is tough and not so scoring subject. You can still think that way, but me � no more. After scoring exemption in ISCA, at least I can share my experience instead of forcing you to do the same.So here it goes.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English